Legal rate of interest stipulated by contract after breach.

  1. Law
  2. South Dakota Codified Laws
  3. Debtor and Creditor
  4. Interest And Usury
  5. Legal rate of interest stipulated by contract after breach.

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54-3-6. Legal rate of interest stipulated by contract after breach.

Any legal rate of interest, stipulated by a contract, remains chargeable after a breach thereof, as before, until the contract is superseded by a verdict or other new obligation.

Source: CivC 1877, §1102; CL 1887, §3725; RCivC 1903, §1421; RC 1919, §1045; SDC 1939, §38.0106.


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